Bonds deteriorated yesterday afternoon on strength in the stock market and improved today on initial weakness in stocks.  In economic news today, May Housing Starts dropped to a seasonally adjusted pace of 593,000 vs expectations for a 655,000 number.  May Building Permits dropped to an annual pace of 574,000 vs expectations for a 631,000 number.  That negative news was offset by news that May Industrial Production was up by 1.2% vs expecations of a  .8% increase.  The Producer Price Index (PPI) for May was down by .3% vs expectations for a .5% decline.  Excluding food and energy, the Core PPI was up by .2% vs expectations for a .1% increase.